Bitcoin

Bitcoin Miners Offloaded Holdings as Prices Dropped to $33K – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

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Bitcoin needs to reclaim these two levels to avoid another dip to $28K

Bitcoin (BTC) may have rebounded strongly in recent days, but its journey to new highs is only just beginning — and far from guaranteed, a new analysis suggests. Updating a Twitter debate on Feb. 9, popular trader and analyst Rekt Capital identified two key targets BTC/USD must reclaim as support for bulls. Bitcoin key macro resistance levels now in place Despite being up 13% in a week on Wednesday, Bitcoin is still far from November’s peak of $69,000. For Rekt Capital, a longer-timeframe… Source link

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Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support

Hope for the possibility of another significant rally in the cryptocurrency market has returned, even though Bitcoin (BTC) rejected at $45,500. Currently, bulls are looking to shore up their defense at the $43,000 support level.  Data from Cointelegraph Markets Pro and TradingView shows that after making a run to a weekly high at $45,500 early on Feb. 8, bears managed to drop the price of BTC to $42,900 during afternoon trading as investors realized profits and prepare to place bids around… Source link

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Two arrested for allegedly trying to launder billions in stolen bitcoin

The Justice Department said Tuesday it has seized more than $3.6 billion in cryptocurrency and arrested two people in connection with the 2016 hack of a virtual currency exchange. It’s the Justice Department’s largest ever financial seizure, officials said. “Today, federal law enforcement demonstrates once again that we can follow money through the blockchain, and that we will not allow cryptocurrency to be a safe haven for money laundering or a zone of lawlessness within our financial… Source link

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Bitcoin begins correction after $45K rejection — Where can BTC price bounce next?

Bitcoin (BTC) gave back $2,500 of its newly-won gains during Feb. 8 as a long-awaited correction took center stage.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes $42,000 will be preserved Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared $43,000 after previously hitting new multi-week highs of $45,500. At the Wall Street open, ranging continued as bulls eyed levels for potential support in the event of further losses. Previously, these had Source link

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